All commodity terms of trade (ToT) declined by 0.12 percentage points in the first quarter of 2024 (Q1’24), just as the value of imports increased by 0.51 percentage points during the period. The National Bureau of Statistics, NBS, disclosed this yesterday in its All Commodity Price Indices and ToT report for Q1’24. The bureau defined ToT […]
Increased loan inflows improved capital importation into Nigeria in January 2024 by 19 percent month-on-month, MoM, to $330 million from $280 million in December 2023. The Central Bank of Nigeria, CBN, disclosed this in its Monthly Economic Report for January 2024. CBN said: “Higher inflow of loans boosted foreign capital inflow in the review month.” Giving further […]
The leadership of Grace Nation Church, Lagos, has accused a former member, one Omolayo Ibukun Michael, of using the media to blackmail it over two vehicles he gifted the church about three years ago and now demanding their return. In a statement yesterday, the legal representative of the church, Ilesanmi Akinwale acknowledged that Omolayo indeed […]
Sokoto government has denied allegations by MURIC that it’s plotting to depose His Eminence the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III. The state Commissioner for information and societal reorientation Hon. Sambo Bello Danchadi in a swift reaction on Tuesday said the state government has no plan whatsoever to dethrone the revered monarch, while […]
Former Vice President Atiku Abubakar has expressed worry over what he described as a growing tendency of state governments to exert influence by distorting the modalities of enthroning traditional stools. Atiku, who was the presidential candidate of the Peoples Democratic Party, PDP, in the last general election, stressed that traditional institutions must be protected from […]
Marseille have agreed a deal with former Brighton manager, Roberto De Zerbi, for him to become their new head coach. The Ligue 1 side announced this on Monday. Marseille noted they were “working with all parties involved to for De Zerbi led Brighton to a sixth-place finish in the Premier League during the 2022/2023 season. […]
Ahead of Dangote Refinery’s commencement of Premium Motor Spirit, known as petrol, supply in the Nigerian market, marketers and energy experts in Nigeria’s oil and gas industry have ruled out expectations that it will lead to a price crash. This comes as the Chairman of the Lagos-based Refinery, Aliko Dangote recently shifted the date to […]
The Sokoto state government has asked Vice President Kashim Shettima to always cross check facts before commenting on sensitive national matters. Responding to the warning publicly made by the Vice President at the Northwest Security summit in Katsina on Monday, the state government said the Vice President should have contacted Governor Ahmed Aliyu to verify […]
Another 430 pilgrims from Kebbi State who performed this year’s holy pilgrimage in Makkah, Saudi Arabia, are back in Nigeria. The pilgrims arrived at Sir Ahmadu Bello International Airport Birnin Kebbi this Monday morning. The plane AIRBUS A330 was said to have taken off from Jeddah International Airport, Saudi Arabia, at about 9 pm Saudi […]
Blaise Aliyu, a student of the Air Force Comprehensive School, Kaduna, has been reportedly punished to death by two of his senior colleagues. Aliyu is survived by his twin brother, who is also a student at the military boarding school located in Mando, Kaduna. They are orphans, having lost their parents in 2013. It was […]
